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L4M7 dumps questions answers

CIPS L4M7 Dumps

Exam Code:
L4M7
Exam Name:
Whole Life Asset Management
Last Update: Jan 13, 2026
294 Questions with Explanation
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Questions came word by
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Whole Life Asset Management Questions and Answers

Questions 1

Which of the following statements is true?

Options:

A.

All indirect supplies are independent demand items

B.

Number of independent demand items may be derived from the forecast

C.

Dependent demand items are not directly correlated with production rate

D.

Car engine is an example of independent demand items in a car assembly plant

Questions 2

A major investment bank is planning to purchase a complex banking system that will interface with multiple applications at varying times of the day. Before deploying the system, there are various levels of testing that must be performed through joint testing between the in-house team and off-shore testing consultants. The testing will be performed in a resource-constrained shared environment and managed by the on-shore development team. The costs for testing are generally classified as...?

Options:

A.

Insurance

B.

Maintenance costs

C.

Acquisition costs

D.

Purchase prices

Questions 3

A procurement professional is working with a colleague from finance because the organization has been spending more money recently on inventory items. This is impacting the organization’s working capital. In particular, they are concerned that average inventory levels have increased significantly year-on-year. Which of the following should they calculate to help in their investigation?

Options:

A.

Rate of stock turn

B.

Age of receivables

C.

Profit margin

D.

Cash flow forecast